Jordan's Taameer secures $32 mln syndicated loan
AMMAN: Jordan's Taameer Holdings, the country's biggest property firm, has secured a syndicated loan worth $32 million to complete delayed multi-million dollar real estate projects, the firm said on Sunday.…
Gulf Arab lenders face tough times to 2012
DUBAI: Corporate issuers in the Gulf Arab region will continue to face tough credit conditions until 2012, particularly lenders with large debt maturities that year, ratings agency Moody's said in…
Oil up toward $75 on recovery optimism, weaker dollar
LONDON: Oil prices rallied by 2 percent to $75 a barrel on Monday as renewed optimism about the global recovery boosted the outlook for fuel demand and sent Asian and…
Yemen oil exports jump in year to April, says paper
DUBAI: Yemen's income from oil exports increased to $905 million in the first four months of 2010 compared to $365 million the same period last year, the Al-Hayat newspaper reported…
Parliament approves new pensions and insurance law
CAIRO: The People’s Assembly approved the new law on insurance and pensions Sunday despite mounting disagreement on many articles of the law from opposition members in parliament. Acording…
Iraq parliament opens three months after polls
BAGHDAD: Iraq moved to bolster its shaky democracy on Monday with the opening of its second parliament since the US-led ouster of Saddam Hussein in 2003, more than three months…
Israel ready to ease entry of goods into Gaza, says EU diplomat
LUXEMBOURG: EU foreign ministers sought on Monday to push Israel to end its blockade of Gaza, two weeks after a deadly commando attack on an aid flotilla, with diplomats saying…
Iran Guards have 'no plans to escort Gaza ships'
TEHRAN: Iran's Revolutionary Guards have no plans to accompany aid ships to Gaza, deputy commander Hossein Salami said on Monday as two Red Crescent boats awaited approval to depart for…
EU's Ashton invites Iran for nuclear talks
LUXEMBOURG: EU foreign ministers examined on Monday how they can go further than new UN sanctions in putting pressure on Iran to stop its nuclear program, while holding a hand…
Israeli panel to probe Gaza flotilla raid
JERUSALEM: Israel's cabinet on Monday backed the creation of an internal committee to probe its deadly raid on a Gaza-bound aid flotilla, in a move swiftly dismissed by Turkey. The…
